club_cafe: starting up

iras1 on

In a message dated 9/27/2007 12:23:02 P.M. Eastern Daylight Time, pjc3md@bivio.com writes:

I would like to fund my bivio club account using stocks and
cash from three seperate TDAmeritrade accounts. Is this a
manual operation or can I download into Bivio before setting
up one TDAmeritrade account for the club?

I would not transfer stocks into your club account. The accounting for future gains is very difficult, and I believe, beyond the capabilities of bivio. Full details of what you would have to do can be found in IRS Pub. 541, Partnerships, www.irs.gov/pub/irs-pdf/p541. Member contributions to investment clubs should only be cash.

Ira Smilovitz

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